RIYADH, 19 November 2006 — Around 400 industry professionals have registered for the Saudi IPO summit 2006, which opens in the capital today.
Co-sponsored by the Riyadh Chamber of Commerce & Industry (RCCI), the two-day conference intends to stabilize the market and help restore investor confidence after a volatile year, which recently saw the Tadawul All-Share Index (TASI) drop to a 21-month low of 8,019 points.
“Debate and discussion will take place amongst investment experts, regulators and market leaders,” said Deep Marwaha, conference manager for Saudi IPO summit said.
“To restore investor confidence and stabilize the markets, they will focus on regulatory and industry standards, corporate governance and transparency, reporting standards and internal audit,” Marwaha added.
